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Post budget analysis: What the budget did not do for the oil & gas industry
Feb 14: A comprehensive post budget analysis has criticized the inability of the finance ministry to take positive decisions on the following oil & gas proposals:
8Exemption of service tax on oil & gas exploration
8Rationalization of cess on crude oil
8Removal of service tax on cash calls
8Inclusion of petroleum products under GST
The implications of the lack of decision on these issues are analyzed in details
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